Changes in bank CD rates were relatively muted over the past week as banks and market participants await more information on the direction the Fed is expected to take regarding quantitative easing in the next few months. The best CD rate available nationally saw a slight 4/1000ths of a percent rate reduction from the previous

A high yield certificate of deposit account should be just one segment of an overall financial portfolio. However, selecting the right bank CD should not be looked at with little regard for risk and reward.
Bank certificates of deposit always provide safety and security as well as a predictable rate of return. When the stock market

Bank certificate of deposit rates managed yet another week of declining yields. The best CD rates available nationally were lower across all CD maturities with the exception of the long term bank CDs which ended the week with a modest increase in the average interest rate.
The average of the best six month CD rates fell

A checking account hold serves to let the bank know for sure that a deposit is legitimate.
In October of 2004 Congress passed what is called Check21 legislation that allows banks to process copies of your checks, not the checks themselves. This is intended to speed up the process of clearing payments out of one

Competition among the top banks that push and shove to offer the highest six month CD rates has caused the average rate to jump much higher this past week. The average rate in the best six month CD rate category has risen to 0.782 percent for the week ending September 26, 2014 based on the […]

Six month CD rates have crawled higher over the past few weeks. The rate increases found on the best six month term certificates are far from reaching levels that draw national attention but the rate increases are taking place during a time that comparable savings rates and fixed income asset returns are moving sideways at […]

The best six month CD rates available nationally saw a little boost in the average yield from the first week of May 2014 to the first week of June. Based on the most recent survey of bank CD rates conducted by SelectCDrates.com, the average rate on the top ten highest six month term certificates of […]

Yes. Banks are allowed to charge fees for returned checks and overdrawn balances. The assessment of account fees is governed by the terms of your deposit account agreement, which you should have received when you opened the account.

Lower interest rates make it easier for people to borrow in order to buy cars and homes. Purchases of homes, in turn, increase the demand for other items, such as furniture and appliances, thus providing an additional boost to the economy.
Lower interest rates mean that consumers spend less on interest costs, leaving them with

Generally, banks honor a stop payment request. If you properly record a stop payment order and the bank cashes the check, the bank may be liable for the cashed check. However, the bank may not be liable if you fail to provide enough information to identify the check or you fail to provide

Yes. Federal Reserve Board rules governing funds availability permit a bank to hold a large check ($5,000 or more) for up to seven business days if it’s a local check and up to 11 business days if it’s a non-local check.

One advantage of a fixed rate certificate of deposit over a money market account, high yield savings account or bond mutual fund is that you know exactly what the interest rate will be over the term of the CD. Most bank CDs are for a fixed rate and a fixed term. Money market accounts, savings

Credit card interest rates drive the monthly credit card payments which is often the main burden for many consumers household budgets. High credit card interest rates are indirectly pulling extra cash for those monthly payments from checking accounts and other bank transaction accounts. If you have a difficult time making credit card payments, call the